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Vietnam PNJ jewellery firm stock volatility

Updated 5 times since CLSTR started tracking revisions of this situation.

What changed

2026-08-05 17:52 UTC → 2026-08-05 22:55 UTC · added removed

In July, July 2026 PNJ shares fell plunged 44 % after a diamond‑smuggling probe and a VND 865 bn provision, prompting brokerages to cut margin‑lending cuts and major foreign investors to sell. sell‑offs. Insiders bought modestly, and modestly; the company firm announced a share‑buy‑back and an independent valuation of its P‑Lab unit. Record‑high Record liquidity in late July saw over 41 million shares trade. Early August saw a brief recovery, rebound, with the stock hitting the upper price limit for three consecutive sessions and reaching VND 37,900, lifting market capitalisation to about VND 19.4 trn. Net foreign buying over the week totalled roughly VND 569 bn, supporting the rebound rally despite a Q2 2026 net loss of VND 283 bn, driven by the precautionary provision. On 5 August, the rally continued August PNJ announced an extraordinary shareholders meeting scheduled for a third day, October 2026, with foreign investors buying a registration closing on 25 August. The meeting will consider adjustments to the 2026 business plan and other shareholder matters. The announcement followed the Q2 2026 results showing net revenue of about VND 110 8,500 bn that session, confirming the cumulative (up 12 % YoY) but a post‑tax loss of VND 569 283 bn, reversing a profit of VND 430 bn inflow over seven sessions. a year earlier. The company reiterated that the large provision relates to diamond‑buy‑back activities and does not reflect loss stemmed from a decline in core business performance. Revenue grew 11.9 % YoY to lower gross margin as sales of low‑margin gold rose, while a VND 8.484 trn, but 865.5 bn provision for diamond buy‑back obligations weighed on earnings. For the loss persisted, underscoring first half of the ongoing volatility driven by year PNJ reported revenue of VND 25,700 bn and after‑tax profit of VND 1,184 bn, with assets exceeding VND 21,000 bn and cash near VND 3,400 bn. The firm’s stock remains volatile, reflecting the ongoing scandal, shareholder exits, margin restrictions, actions, and a foreign‑led price recovery. movements.

Versions

  1. 2026-08-05 22:55 UTC Vietnam PNJ jewellery firm stock volatility
  2. 2026-08-05 17:52 UTC Vietnam PNJ jewellery firm stock volatility
  3. 2026-08-05 08:54 UTC Vietnam PNJ jewellery firm stock volatility
  4. 2026-08-02 11:02 UTC Vietnam PNJ jewellery firm stock volatility
  5. 2026-08-01 00:42 UTC Vietnam PNJ jewellery firm stock volatility
  6. 2026-07-27 08:22 UTC Vietnam PNJ jewellery firm stock volatility

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